Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks were up Wednesday, on the brink of all-time highs with investors upbeat about the White House’s announcement of a large artificial intelligence infrastructure project that sent tech stocks rallying. In a joint venture called The Stargate Project, tech powerhouses Oracle and OpenAI along with Japanese investment firm Softbank are teaming up to invest up to $500 billion to build data centers to power AI technology in the U.S. That pushed Club stocks Microsoft and Nvidia up 3% and 4%, respectively. Both are key providers of the technology that supports this investment. Jim Cramer called Nvidia a “battleground” stock , predicting it’s “a straight shot to $160,” if it breaks a key $149 level. The stock traded at $146 per share Wednesday. Industrial name Eaton , which provides electricity to support the data center build out, advanced 4%. 2. Despite Microsoft’s move higher, Jim said he’s struggling with the stock. He questioned whether its productivity tool Copilot is as strong as he once thought, and if AI-powered personal computers are a catalyst for the tech company. These PCs were also supposed to be a tailwind for electronics retailer Best Buy but are just “not selling,” Jim said. “That doesn’t mean we have to abandon ship,” he added. Jim mentioned Alphabet as another problematic Mag 7 name. In contrast, two tech stocks he called “buys” are Meta and Amazon . Jim will give a breakdown of his latest thoughts on each portfolio stock during January’s Monthly Meeting Thursday. 3. Citi resumed coverage of entertainment giant Disney with a buy rating and a $125 price target, a 15% upside from current levels. In a note to clients Wednesday, analysts said the stock’s risk and reward is favorable, but said earnings estimates are too high. Jim would rather wait until the company reports on Feb. 5 before adding to our position. Jim said Disney competitor Netflix is the “horse” of streaming after it reported a blowout fourth-quarter Tuesday sending shares 11% higher. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Netflix , Johnson & Johnson , Procter & Gamble , GE Vernova , and Capital One Financial . (Jim Cramer’s Charitable Trust is long MSFT, NVDA, ETN, BBY, META, AMZN, DIS. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Jim Cramer is struggling with 2 tech stocks and says another 2 are buys